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PUBLIC HOUSE INVESTMENT FOR SALE, GRAHAM STREET, AIRDRIE

For sale: POA|Leisure Property, Pubs/Bars/Clubs, Licensed & Leisure

PROPERTY DETAILS

FOR SALEPOA
ADDRESSLegends Bar, 75 Graham Street, Airdrie, North Lanarkshire, ML6 6DE
TYPELeisure Property, Pubs/Bars/Clubs, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON1st March 2021

DESCRIPTION

Prime Town Centre Public House
Fully Licensed
Ground & 1st Floor
Passing Rent: £15,000p.a.x.
Expiry: September 2030
Guide Price: £147,500


Location

The property is prominently positioned east of and close to the pedestrianized section of Airdrie town centre on the north side of the A89, directly opposite Airdrie Sheriff Court and near to the Procurator Fiscal’s office, The immediate area comprises a variety of commercial uses on the ground floors of this busy thoroughfare.

Servicing access is off Baillies Lane to the North West through a servitude right of access tinted yellow on the site layout plan provided.

Property

The premises comprise a mid-terraced located public house built over ground and first floors under a pitched tiled roof, with a rear single storey flat roofed extension. With two entrances off Graham Street, (one giving access to the first floor and the other to the public bar), the ground floor provides an open plan public bar with rear bar servery. Rear access leads to a beer garden and smoking shelter, with the floor also providing male and female toilets. To the rear is a split level extension providing office, storage and cellar. The first floor lounge bar/function room is accessed via an internal staircase and incorporates a small bar servery, male and female toilets and dance floor.

Area

From our on site inspection, we estimate the following floor areas on a Gross Internal Area basis;

Ground: 137.33sqm (1,478sq ft)
1st Floor: 84.99sq ft (915sq ft)

Total: 222.32sqm (2,393sq ft)

Executive Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Legends 2020 Ltd
Expiry: 20th September 2030
Tenant Break: 1st October 2025
Passing Rent: £15,000p.a.x.
Review: 5th Anniversary

Price

Guide price £147,500

V.A.T.

The vendor has opted to waive their option to tax as such the transaction shall be treated as a transfer of a going concern (t.o.g.c)

E.P.C.

Available on request

Lease & Title

Available by request via the marketing agent.

Legal

Each party shall bear their own legal costs incurred in the transaction

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.

LOCATION

Location: Legends Bar, 75 Graham Street, Airdrie, North Lanarkshire, ML6 6DE

Airdrie (0.2 miles)

Drumgelloch (1.0 miles)

Coatdyke (1.1 miles)

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